OREANDA-NEWS. Sinopec's promised natural gas supply regions are mostly economically well developed such as Shanghai, Jiangsu, Zhejiang, Chongqing and Sichuan, etc, which see high population density, strong civil use and difficulty in consumption peak regulation. Foreseeing the likely tight natural gas supply in this winter and next spring, Sinopec is making every effort to increase its natural gas supply. For the period from November 2014 to March 2015, it plans to offer 8.4 billion cubic meters, up 800 million cubic meters or 11% year on year. China Petroleum & Chemical Corporation, or Sinopec Limited, is a Chinese oil and gas company based in Beijing, China. It is listed in Hong Kong and also trades in Shanghai and New York. Sinopec is the world's fifth biggest company by revenue and its second biggest chemical producer.

Sinopec Limited's parent, Sinopec Group, is one of the major State Owned petroleum energy and chemicals companies in China, headquartered in Chaoyang District, Beijing. Sinopec's business includes oil and gas exploration, refining, and marketing; production and sales of petrochemicals, chemical fibers, chemical fertilizers, and other chemical products; storage and pipeline transportation of crude oil and natural gas; import, export and import/export agency business of crude oil, natural gas, refined oil products, petrochemicals, and other chemicals. In 2011 it ranked as the 5th largest company in sales in Forbes Global 2000. In 2009, it was ranked 9th by Fortune Global 500 becoming the first Chinese corporation to make the top ten and in 2010 it was ranked 7th. In 2007, it ranked first in the Top 500 Enterprises of China ranking.